Bitwise Asset Management introduced the world's first Aptos staking exchange-traded product (ETP) on Switzerland's SIX Exchange.
Bitwise Asset Management introduced the world's first Aptos staking exchange-traded product (ETP) on Switzerland's SIX Exchange. This innovative financial instrument, trading under the ticker APTB, opens up new avenues for both institutional and retail investors looking to capture the Aptos blockchain ecosystem.
The ETP is designed to provide an expected 4.7% return through staking Aptos APT tokens, thus offering investors a regulated path to passive income from blockchain participation. The latest product comes during a vital juncture in crypto investment history, where Bitcoin and Ethereum spot ETPs recently went live in the United States.
Hunter Horsley, CEO and co-founder of Bitwise, said: “With the launch of Bitcoin and Ethereum spot ETPs in the U.S., a huge cross-section of investors have begun researching and adding digital assets to their portfolios this year. We’re thrilled to now be able to launch the Bitwise Aptos Staking ETP to expand access to one of the most exciting next-generation blockchains in the space.”
CEO of Aptos Labs Mo Shaikh believes that the launch of ETP is aptly a milestone in the mass adoption of blockchains. "The Aptos staking ETP marks a significant leap forward for the future of institutional adoption and validates the reliability, scalability, speed of the Aptos blockchain. I can’t wait to see what new potential it will unlock in the near future," said Shaikh. The new launch underlines confidence in the technical capabilities and future potential of the Aptos blockchain.
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